Customers use a Union Bank of India automated teller machine (ATM), left, as security guards talk in front of a Bank of Baroda ATM (Photographer: Adeel Halim/Bloomberg)

PSU Banks’ Bad Loans Drop 12% In FY19 As Stressed Asset Cycle Turns

Nearly four years after a grueling bad loan clean-up hit India’s lenders, banks have started to see a decline in stressed assets, albeit at a moderate pace. The drop in bad loans is being driven by...